Good Energy Share Discussion Threads

[hutch_pod] 06/11/2014 09:36

Yes. In the usual modest fashion, top end estimates are hit.

Full year profit targets now look rather undemanding - looks like the net profit from the site alone exceeds broker targets!

Good job, Good Energy.

[chector177] 06/11/2014 08:30

Nice update today.

[hutch_pod] 07/10/2014 11:36

Yes it's a much more positive signal than Schroders heading for the door.

On the basis of strong customer growth and solid continuing investments in generation assets (and potentially further development sales), I decided I'm happy :).

I counted 31.6MW of approved solar capacity, 23.5MW of proposed solar, and 25.3MW of wind at the Big Field, to be determined 23 Oct.

Also noted both Woolbridge and Creathorne came on line as planned for 7MW of additional solar.

Oh, and at the very end of the RNS - "£2.5m of spend on inventory on West Raynham was recovered in H2 following the sale process." That should help cashflow.

[chector177] 06/10/2014 20:09

Thanks for the info Hutch. I wonder what's going on.

[hutch_pod] 02/10/2014 17:32

Looks like a collection of I think green focused investment cos bought up the 2.5m shares that Schroders sold before the results.

It does look like the results should be good this year taking into account the sale (one off but seems repeatable) but there seems to be a cash flow requirement coming up surely given they will reinvest the rest of the bond proceeds and sale proceeds in gen projects. It looks like operating cashflow has recently been more or less break even.

Any ideas much appreciated.

edit - Realised that their solar generation portfolio is looking pretty strong, and I think can be refinanced (? per Hampole facility) or indeed of course sold.

[hutch_pod] 30/9/2014 10:01

But the revenue and gross profit are pretty strong given that the sale of the farm is excluded? It doesn't seem to be written in a stock market friendly fashion. Frustrating.

[chector177] 30/9/2014 09:14

Don't like the results today :-(

[hutch_pod] 29/9/2014 16:50

Yes. Noticed a large sale today by someone at 215p

[chector177] 23/9/2014 14:00

Still in but disappointed by the lack of share price movement. When the uncertainty of the sale of the solar site is resolved we will see some movement

[hutch_pod] 22/9/2014 19:07

With the strong growth in customer numbers (15% for electricity, and 33% for gas y-on-y) and promising profit on sale of the solar site, the H1 results look to be solid, even taking into account say a 10% reduction in usage.

The solar site sale itself does have a huge range of net profit - £1.4m to £3.8m, very material given 2013 FY was £2.67m.

Using £1.4m as low end, I did a rough calculation of £1.06m net profit from electricity & gas (incl gen).

At £2.46m ish for H1 2014, and £0.93m for H1 2013, and £3m full year broker target (according to -), I can't help but think it looks great.

Perhaps notice of interims this week? and release next week?

Be good to know if anyone still in / thinking of getting in.

[hutch_pod] 26/7/2014 15:01

Tipped in Moneyweek Roundtable this week, mentioning the single digit PE and potential for 500k customers from 40k, as well as building its generation base.

[hutch_pod] 15/7/2014 17:44

Half year results soon - around 28th July.

[hutch_pod] 04/7/2014 09:15

Ah thanks yes - I read Davenport was challenging hard as the government moves solar from Renewable Obligation to CFD. I'm no expert mind.

hxxp://www.businessgreen.com/bg/analysis/2353338/good-energy-solar-subsidy-cuts-threaten-70-per-cent-of-pipeline

I've been looking out for a broker upgrade since their results but not seen anything.

[m.t.glass] 04/7/2014 08:12

HutchPod - maybe to do with hostile voicings from Tory party threatening to reduce or abolish green energy taxbreaks/subsidies? Though if a few Tory landowners twig that they could benefit from allowing solar farms on their own estates, perhaps their objections will evaporate ;o)

[m.t.glass] 04/7/2014 08:04

Planning Approval granted for a 4.9MW solar farm in north Wiltshire.

The last similar project took around 2 months to bring into use after commencing construction.


They also submitted a planning application last week for a solar farm 3x this size in Somerset -

[hutch_pod] 09/6/2014 19:32

hxxp://www.gazetteandherald.co.uk/news/towns/chippenhamheadlines/11262354.Chippenham_energy_group_wins_Stock_Market_award/

Still winning awards :)

[hutch_pod] 03/6/2014 19:15

Anyone speculate/know as to why the drop? I was poised to buy after the results, but waited, and waited..

[pimsim] 07/4/2014 08:38

Yes, good set of results, strong growth and all the more impressive given the mild winter.

I do think they need to show a bit more detail in the results, some of that increase in 'revenue' is due to sale of two solar farms (£4.9m) and personally I like to see the operating cash flow fully reconciled to the operating profit. But I am not knocking them, overall looks v strong with good prospects ahead.

[mikeja] 07/4/2014 08:18

Nobody interested in results?
EPS of 20.9 looks good value,astute management.

[sbs] 03/3/2014 17:53

Here's one which won't stop supplying if Russia cuts off the gas (again!).

[sbs] 24/2/2014 14:13

Enjoying my Good Energy electricity. Lot's of wind about these days (Friday's high beat the storms for some reason):

[ric_ola] 21/2/2014 16:13

See Good Energy and BMW partners now...

www.goodenergy.co.uk/bmwi

[purple11] 20/2/2014 17:37

YOOO HOOOO!